Investment Company Executive Predicts What Could Happen to Ethereum, Solana and Avalanche if Kamala Harris Wins

Bitget App

Trade smarter

Bitget

News

Bitcoinsistemi2024/10/15 21:39

By:Mete Demiralp

Bitwise Chief Investment Officer Matt Hougan, in his statement, evaluated the possibilities of a Kamala Harris victory.

Matt Hougan, Chief Investment Officer of Bitwise, a leading developer of crypto investment products, expressed optimism about the future of Ethereum and clarified misconceptions regarding the U.S. government’s stance on cryptocurrencies.

Hougan observed that there is a balanced interest among investors between Bitcoin (BTC) and Ethereum (ETH). While those concerned about the future of the US dollar generally prefer Bitcoin, he explained that many others are excited about Ethereum due to its versatility and the projects being built on its network.

“One thing I am really sure of is that 2025 flows in Ethereum ETFs will exceed 2024 flows. And I would bet 2026 flows will exceed 2025 flows,” he predicted. He noted that while Ethereum requires more education for investors compared to Bitcoin, that learning curve is accelerating.

Hougan noted that the crypto industry is seeing regulatory approval for both Bitcoin and Ethereum ETFs in 2024, with the sector facing a relatively mild enforcement period from the SEC. “Compare that track record to what we’ve been through in 2022 or 2023. We just took a hit in those years and made some gains this year,” he added. While getting a Solana ETF approved is challenging, he described the regulatory landscape as a spectrum, suggesting gradual progress.

Related News Giant Whale, Who Accumulated $500 Million Bitcoin in the Last 4 Years, Makes a Post-Surge Move

Discussing the political climate, Hougan argued that a potential Harris presidency might not be as unfavorable to crypto as the current Biden administration, even if it doesn’t actively support blockchain development. He suggested that upcoming legislative efforts like a stablecoin bill are likely to move forward regardless of who wins the next election. However, the approach could change significantly: A Harris administration could support big banks, while a Trump presidency could encourage entrepreneurial innovation in the sector.

Additionally, Hougan noted that a Harris win could benefit Ethereum over other smart contract platforms like Solana (SOL) or Avalanche (AVAX), as these newer blockchains may face more regulatory challenges.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14